NASDAQ$TMDX

TransMedics Group Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

TransMedics' financial performance for Q4 2021 and full year 2021 was reported, highlighted by revenue growth and strategic advancements.

TransMedics reported a 27% increase in net revenue for Q4 2021, reaching $9.7 million, driven by the commercial launch of OCS Heart and OCS Liver in the United States. The gross margin improved to 72%, but the net loss increased to $12.7 million due to higher operating expenses related to the National OCS Program and commercialization efforts.

  • Net revenue reached $9.7 million, a 27% increase compared to Q4 2020.
  • Gross margin improved to 72% compared to 63% in Q4 2020.
  • Operating expenses increased to $18.3 million due to investments in the National OCS Program.
  • Net loss was $12.7 million, compared to $6.3 million in Q4 2020.

Headline financials

Total Revenue

$9.67M

Previous: $7.63M+26.8%
EPS (adj)

-$0.46

Previous: -$0.23-100.0%
Capital Expenditures

$3.18M

Previous: $2K+158800.0%
Free Cash Flow

-$9.83M

Previous: -$7.14M-37.6%
Net Income

-$12.7M

Previous: -$6.31M-100.7%
Operating Income

-$11.3M

Previous: -$5.9M-92.1%
Gross Profit

$6.99M

Previous: $4.83M+44.7%
Cash & Equivalents

$25.6M

Previous: $24.6M+4.1%
Total Assets

$135M

Previous: $152M-11.3%
Stock-Based Comp

$1.99M

Previous: $698K+184.4%

Revenue & EPS history

TransMedics · Revenue · Quarterly

$9.67M

Q4 2021+26.8%vs Q4 2020
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

TransMedics anticipates net revenue for the full year 2022 to be in the range of $49 million to $55 million, representing a 62% to 82% growth compared to the previous year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+4.1%

Avg return

Earnings day

+2.3%

Avg return

5 days after

+7.6%

Avg return

30 days after

54%

15 / 28 earnings

Positive

+42.6%

Q3 2023

Best reaction

-29.3%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.1%-30.0%-26.4%
Q4 2025-4.6%-3.6%-35.1%
Q3 2025+0.9%-9.0%+8.9%
Q1 2025+19.6%+31.3%+49.2%
Q4 2024+5.8%-6.5%-4.9%
Q3 2024-29.3%-34.2%-30.4%
Q2 2024+9.4%+7.2%+21.4%
Q1 2024+20.9%+31.6%+40.3%
Q4 2023+6.7%-0.5%-10.8%
Q3 2023+42.6%+34.6%+73.5%
Q2 2023-8.9%-24.7%-21.5%
Q1 2023-6.7%-6.4%-8.1%
Q4 2022+20.2%+20.4%+15.4%
Q3 2022+20.7%+17.6%+38.7%
Q2 2022-7.7%+20.8%+28.9%
Q1 2022+39.5%+25.4%+29.5%
Q4 2021+23.2%+39.5%+82.5%
Q3 2021-12.0%-16.3%-29.0%
Q2 2021+9.6%+7.6%+17.2%
Q1 2021-12.6%-15.1%-11.3%
Q4 2020+3.4%-12.3%+10.6%
Q3 2020+4.8%+10.6%+20.8%
Q2 2020+0.1%-3.2%-11.9%
Q1 2020-7.6%-0.6%-11.7%
Q4 2019-1.1%-1.2%-25.7%
Q3 2019-14.2%-13.0%-1.7%
Q2 2019-4.2%-4.6%+8.6%
Q1 2019-2.3%-2.1%-4.1%
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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